This website is to provide Class Members in the securities class action, Christine Asia Co. Ltd., et al. v. Jack Yun Ma, et al., No.: 1:15-md-02631-CM (SDA) that is pending before the Honorable Colleen McMahon in the United States District Court for the Southern District of New York with information about the proposed settlement.

 

Notice of Pendency of Class Action: Please be advised that your rights may be affected by the securities class action (the “MDL Action”) pending in the United States District Court for the Southern District of New York (the “Court”), if you purchased or otherwise acquired Alibaba Group Holding Limited (“Alibaba”) American Depository Shares (“ADS”), or purchased call options or sold put options on Alibaba ADS, during the period September 19, 2014 through January 28, 2015, inclusive (the “Class Period”), other than those shares purchased directly in the September 19, 2014 Initial Public Offering (the “Class”). All capitalized terms used on this website that are not defined shall have the meanings ascribed to them in the Stipulation and Agreement of Settlement dated April 26, 2019 (the “Stipulation”), which is available on the Important Documents page of this website.

Notice of Settlement: Please also be advised that the Court-appointed Class Representatives William Tai, Christine Asia Co., Ltd., Abel Amoros, Arthur Gabriel, Raymond Lee, and Gang Liu, on behalf of themselves and the Class, have reached a proposed settlement of the MDL Action for $250,000,000 that, if approved, will resolve all claims in the MDL Action.

The MDL Action is separate from a class action that was filed on behalf of Alibaba securities purchasers in California Superior Court, San Mateo County, that alleged violations of a different federal statute. That state court action was separately settled through a stipulation of settlement dated December 28, 2018, with final court approval anticipated in May 2019. Participation in the settlement of the state court action does not preclude participation in this Settlement.

 

YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:

SUBMIT A CLAIM FORM POSTMARKED NO LATER THAN SEPTEMBER 3, 2019.

This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Class Member and you remain in the Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims that you have against Defendants’ Releasees, so it is in your interest to submit a Claim Form.

EXCLUDE YOURSELF FROM THE CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 25, 2019.

If you exclude yourself from the Class, you will not be eligible to receive any payment from the Settlement Fund. Excluding yourself from the Class is the only option that allows you ever to be part of any other lawsuit against any of Defendants’ Releasees concerning the Released Plaintiffs’ Claims. 

OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 25, 2019.

If you do not like the proposed Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Class Member and do not exclude yourself from the Class. 

GO TO A HEARING ON OCTOBER 16, 2019 AT 10:00 A.M., AND FILE AN OBJECTION AND A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN SEPTEMBER 25, 2019.

Filing a written objection and notice of intention to appear allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement, the Plan of Allocation, and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.

DO NOTHING.

If you are a member of the Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the MDL Action.